Use the data in the two charts below and the analysis model you just learned to estimate the revenue earned for each square foot of store space.

Interpreting the Regression

Discuss the analysis in terms of Linear in Parameters

Discuss the analysis in terms of Random Sampling

Discuss the analysis in terms of Sample variation in the independent variable

Discuss the analysis in terms of zero mean of the error term conditional on the independent variable.

Square foot of each location 120,000 97,392 100,000 92,389 93,222 83,615 78,342 80,000 71,347 69,071 60,000 50,367 50,167 SqFt 40,000 31,891 20,000 13,601 4,296 Loc1 Loc2 Loc3 Loc4 Loc5 Loch Loc7 Loc8 Loc9 Loc10 Loc11 Loc12 Revenue $40,000,000 $37,813,050 $35,000,000 $34,422,312 $32,124,443 $32,859,907 $30,000,000 $26,904,195 $25,000,000 $20,334,222 $18,826,126 $20,296,634 $20,000,000 $15,306,386 $15,000,000 $11,987,067 $10,566,338 $10,000,000 $5,654,277 $5,000,000 $0 Loc1 Loc2 Loc3 Loc4 Loc5 Loch Loc7 Loc8 Loc9 Loc10 Loc11 Loc12 Square foot of each location 120,000 97,392 100,000 92,389 93,222 83,615 78,342 80,000 71,347 69,071 60,000 50,367 50,167 SqFt 40,000 31,891 20,000 13,601 4,296 Loc1 Loc2 Loc3 Loc4 Loc5 Loch Loc7 Loc8 Loc9 Loc10 Loc11 Loc12 Revenue $40,000,000 $37,813,050 $35,000,000 $34,422,312 $32,124,443 $32,859,907 $30,000,000 $26,904,195 $25,000,000 $20,334,222 $18,826,126 $20,296,634 $20,000,000 $15,306,386 $15,000,000 $11,987,067 $10,566,338 $10,000,000 $5,654,277 $5,000,000 $0 Loc1 Loc2 Loc3 Loc4 Loc5 Loch Loc7 Loc8 Loc9 Loc10 Loc11 Loc12